Thomas Kurian

Money Moves

Integrating Wiz into Google Cloud's product portfolio

Wiz was founded in January 2020 by four veterans of Israel's military intelligence Unit 8200. Six years later, Google paid $32 billion in cash to acquire it — the largest deal in Google's history, the largest cybersecurity acquisition ever, and more than the combined cost of Google's eight next-biggest purchases. The deal closed on March 11, 2026, after clearing both United States Department of Justice (DOJ) and European Union regulatory review without conditions. Google had tried once before, offering roughly $23 billion in mid-2024; Wiz walked away and said it would pursue an initial public offering instead. Google came back nine months later and paid 39 percent more.

Updated 7 days ago

Built World

Orchestrating hyperscale AI infrastructure growth dependent on new clean and firm power

Since late 2022, U.S. regulators and utilities have warned that a new class of digital infrastructure—AI-optimized data centers—could reshape national power demand, ending an era of flat electricity consumption and forcing a rapid buildout of generation and transmission. By early 2026, those warnings have crystallized into concrete challenges: PJM Interconnection's December 2025 capacity auction hit the $333.44/MW-day price cap and failed to meet reliability requirements for the first time in its history, with data centers accounting for $6.5 billion—or 40%—of the auction's $16.4 billion in costs. Regional grid operators now project U.S. data center electricity consumption will grow from 183 terawatt-hours (TWh) in 2024 to over 400 TWh by 2030, while the International Energy Agency (IEA) estimates data centres globally could more than double their electricity use to approximately 945 TWh in the same timeframe, with AI-optimized servers as the main driver.

Updated Jan 27